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    Home»Business»Local firms spearhead next growth phase in Nigeria’s oil sector
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    Local firms spearhead next growth phase in Nigeria’s oil sector

    editorBy editorJune 3, 20251 Min Read
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    Indigenous operators are expanding their footprint by acquiring onshore and shallow‑water assets divested by international majors. Green Energy launched a locally built onshore terminal at Otakikpo; Conoil shipped its first Obodo crude; and Renaissance outlined multi‑year investment plans. Security costs and aging infrastructure remain headwinds, but policymakers see scope to lift national output significantly.

    Source: https://www.reuters.com/business/energy/local-firms-drive-new-growth-phase-nigerias-oil-sector-2025-06-03/

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